June 23rd 2022

Selling your home is a big deal and it can be hard to know when it’s time to make the move and put your home on the market.

So, if you’re thinking about selling your home, the question is—how do you know the right time to make a move?

Key signs that it may be time to sell your home include:

• You’re in a seller’s market. In a seller’s market, there’s more demand for homes than there is supply. This translates to homes selling quickly and profitably—so, if you find yourself in these market conditions, it’s a great time to consider putting your home on the market.  In Cape May County, we are in the midst of a historic seller's market, but there are signs of softening.  Cash in on your investment today and don't miss the boat!
• Local homes are selling for a premium. If you notice homes in your neighborhood are consistently fetching top dollar when they sell, it could be an indicator that your home will do the same—making it a great time to consider making a move and listing your property.  Year to date in Cape May County, homes are selling for 5.5% more than 2021, receiving an average of 98.6% of list price!
• You’ve outgrown your current home. Sometimes, no matter how much you love a home, you’ve simply outgrown it. For example, your 2-bedroom condo might have been the perfect spot for you and your partner to start married life—but now that you’ve added three kids and two dogs to your family, you need more space. If you’ve outgrown your current home for whatever reason, it definitely makes sense to consider selling your present property—and searching for something that’s a better fit for your needs.